Sat.Jan 27, 2024 - Fri.Feb 02, 2024

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Optimize Usage and Rates Simultaneously

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can trust that the potential savings number is achievable. Summary Cost Optimization Hub : This new hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number they see.

FinOps 130
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House passes bill expanding Child Tax Credit and business breaks

Accounting Today

The House passed tax extenders legislation reviving a number of tax breaks, including the enhanced Child Tax Credit, the ability to fully deduct research and development expenses in the first year, 100% bonus depreciation, disaster tax relief, and more.

Tax 315
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Intuit and Khan Academy Team Up to Offer Free Financial Education to Students and Teachers

Intuit

Today, we announced a new initiative with Khan Academy that aims to empower educators and students with free financial education tools. With the help of Khan Academy, we’re working toward our goal of engaging 50 million students with free learning resources by 2030. Intuit and Khan Academy have a shared goal to provide free financial resources to all high school students across the United States.

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We’re retiring the classic version of Xero invoicing

Xero

We’ve had two versions of our invoicing feature for a while now — classic invoicing and new invoicing. The new version is built on the latest technology and features time-saving tools that make it easier to customise your invoices and simplify the way you get paid. Our teams have big plans to add even more value to the new version of invoicing in the future, including features that we know are important to you.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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20 Years of 1099s at AccountingDepartment.com

Accounting Department

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.

Tax 234
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Problems found in new IRS online 1099 portal

Accounting Today

The Internal Revenue Service has been working to resolve a problem that was preventing businesses and tax professionals from using a new online portal where they could file their 1099 forms for free.

Tax 311

More Trending

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Five cash flow trends impacting small businesses

Xero

Over the last 12 months, we’ve surveyed over 4,500 small business owners across the globe to find out how they’re managing cash flow amidst macroeconomic conditions such as high inflation and interest rates. The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States.

XERO 266
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Simplified and Automated Cloud-Based Tax Calculations with AvaTax

Accounting Department

AvaTax by Avalara is a groundbreaking solution that revolutionizes the way businesses handle tax calculations. This cutting-edge cloud-based software simplifies the complexity of tax calculations, ensuring accuracy and efficiency every step of the way.

Tax 214
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Melancon looks to build accounting pipeline amid tax changes

Accounting Today

American Institute of CPAs president and CEO Barry Melancon discussed the new tax extenders bill that's working its way through Congress, along with a variety of issues affecting the accounting profession, during a wide-ranging talk Thursday at the Accountants Club of America in New York.

Tax 300
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The Great Debate: Optimize Usage or Cost First?

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can optimize usage and rates simultaneously, and trust the savings number that they see is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see

FinOps 130
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Tips and tricks for property investment accounting

Xero

Australia’s current property market presents both challenges and opportunities, with changing tenancy rules and rental controls, and the impact of interest rates and cost of living pressures. It’s a complex outlook, but property investment is a marathon swim, not a quick body surf to shore. Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment.

XERO 234
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What is Accounts Receivable Automation, and how can you leverage it for your business?

Cevinio

What is Accounts Receivable Automation, and how can you leverage it for your business? Introduction The efficiency and accuracy of your financial processes play a pivotal role in the success of your business. One such critical aspect is managing Accounts Receivable (AR). This encompasses a range of tasks, from sending invoices and confirming their receipt to chasing overdue payments and updating customer records.

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Reshaping the pyramid

Accounting Today

The accounting profession is in the midst of a vast experiment with a host of new ways to structure how firms are owned and managed.

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How to Optimize Usage and Rates Simultaneously

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can trust that the potential savings number is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see is achievable.

FinOps 130
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The Definitive Guide to Spend Management

The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.

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Xero formalises commitment to military veterans by signing Armed Forces Covenant

Xero

I’m proud to announce that Xero has signed the Armed Forces Covenant , formalising its commitment to supporting military veterans and their families in the workforce. The Armed Forces Covenant is a promise by the nation ensuring that those who serve or have served in the UK Armed Forces, and their families, are treated fairly. Xero’s Veterans Employee Resource Group (ERG) marked the signing by hosting an event in our London office this week.

XERO 234
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A new tool to make taxes more transparent

Intuit

It’s no secret that the federal tax code is long, complex, and difficult to understand. In fact, many Americans don’t have a clear understanding of how the tax code works or what federal programs and initiatives their tax dollars support. Understandably, this lack of transparency can be a massive source of frustration every tax season. More than 80 percent of Americans say that the complexity of the federal tax system bothers them.

Tax 130
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IRS kicks off tax season with extended hours, service and tools

Accounting Today

The Internal Revenue Service began accepting tax returns Monday, promising improved help to taxpayers and new resources both in-person and online.

Tax 315
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How to Optimize Usage and Rates Simultaneously

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools, so practitioners can trust that the potential savings number is achievable. Summary Cost Optimization Hub : Cost Optimization Hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can optimize usage and rates simultaneously, and trust the savings number that they see is achievable.

FinOps 130
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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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On-demand webinar Designing Future-Proof Purchase-to-Pay Operations with Alpar Toth, GBS Leaders

Cevinio

Designing Future-Proof Purchase-to-Pay Operations with Alpar Toth, GBS Leaders Join us for an insightful exploration into designing future-proof purchase-to-pay operations with our special guest, Alpar Toth, currently GBS Leader at Pandora. In this session, we delve into what it takes to build a robust P2P function that ensures the success of its operations today and tomorrow.

AP 100
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How Drake Tax Software on Cloud Benefits Tax Professionals in 2024

Ace Cloud Hosting

While there are multiple software solutions for tax preparers, Drake is among the most preferred choices. Features like Drake Scheduler, e-signature, Drake Tax Planner, etc., help them prepare accurate tax.

Tax 110
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Harvard faces new threat of state tax on $51B endowment

Accounting Today

The university is bracing for two bills in Massachusetts this year that would target its massive billion endowment and policy of admitting legacy applicants.

Billing 297
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Optimize Usage and Rates Simultaneously in Increments

FinOps Foundation

Key Insight AWS Cost Optimization Hub deduplicates competing recommendations from AWS cost optimization tools so practitioners can address usage and rate optimization simultaneously. Summary Cost Optimization Hub : This new hub pulls recommendations from all AWS cost optimization products together and deduplicates competing recommendations, so customers can trust that the potential savings number is achievable.

FinOps 130
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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!

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Acumatica Will Return to Las Vegas for 2025

Insightful Accountant

During the 2nd-day of their 2024 Summit, Acumatica announced the event’s date and location for 2025. They also premiere new features and functionalities that will be implemented with their 2024R1 and R2 updates.

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Top 10 Emerging Cybersecurity Challenges to Watch Out for in 2024

Ace Cloud Hosting

Cyberattacks are increasing day by day, and so are the security concerns for businesses. It’s well-known that digital platforms and the internet have become a part of everyone’s life, but.

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Preparers mixed on IRS improvements

Accounting Today

With the agency touting improved service and response times, tax practitioners are acknowledging the gains, but still see room for more.

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Can Using a FinOps Score Help Advance Your Practice?

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. DATA : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%.

FinOps 130
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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Buying Out Partners, Implementing Workflow, and Referral Systems to 2X Growth

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, brought to you by Jetpack Workflow, host David Cristello interviews Jennifer Ryan, the owner of Bookkeeping Direct. Jenny shares her journey from initially joining the firm as a contractor to eventually buying the business in 2016. She highlights the company’s impressive growth of 140% in the past year and discusses how the firm expanded its staff to four members.

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Top 8 Cybersecurity Best Practices for Accounting & Tax Firms in Tax Season

Ace Cloud Hosting

Tax season can be a real headache, especially when scammers trick you into their schemes. It’s no secret that phishing, scamming, breaches, ransomware attacks, and other online frauds tend to.

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Generative AI for small and midsized firms

Accounting Today

Without breaking the bank, small and midsized firms can make smart investments to adopt AI and tailor it for specific uses.

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Can Using a FinOps Score Help Any Practitioner Advance Their Practice?

FinOps Foundation

Key Insight Google Cloud’s FinOps Hub gives teams a central place to measure and improve your FinOps practice at crawl, walk, and run stages. Summary PRACTITIONER FOCUS : Early tooling was designed for engineers, but Google Cloud’s 2023 roadmap aimed to address the needs of FinOps practitioners. DATA : Google Cloud added more metadata in BigQuery exports and went from having 40% of all costs covered by granularity to having 70% of costs covered by granularity, with plans to achieve 100%.

FinOps 130
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Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract. Join us for this webinar when Airbase Controller Kelly Hicks and Ryan Dillard, a Director at CBIZ ARC Consulting explore how to approach capitalizing sales commissions under ASC 340-40.